(1) Notwithstanding Article 89(1), the Minister of Justice may revoke the status of permanent residency of any alien granted such status, only where he or she falls under any of the following subparagraphs: Provided That where he or she fall under subparagraph 1, his or her status of permanent residency shall be revoked:
1. Where he or she has acquired the status of permanent residency by fraud or improper means;
2. Where he or she has finally been sentenced to imprisonment with or without labor for not less than two years for committing a crime referred to in any Act specified by Decree of the Ministry of Justice, such as the Criminal Act and the Act on Special Cases concerning the Punishment of Sexual Crimes;
3. Where he or she has been sentenced to imprisonment with or without labor for violating this Act or any other Act within recent five years and his or her total period of finalized sentences is not less than three years;
4. Where a person prescribed by Presidential Decree, such as a person who has acquired the status of permanent residency based on any condition, such as maintaining a certain amount or more of investment in the Republic of Korea, violates such condition;
5. Where he or she has committed an act contrary to the national interest of the Republic of Korea in terms of national security, diplomatic relations, national economy, etc.
(2) In cases of revoking the status of permanent residency pursuant to paragraph (1), upon receipt of an application by any alien, the Minister of Justice may grant the standard status of stay to such alien where he or she is deemed to need to continuously stay in the Republic of Korea and meets the standard status of permanent residency.
(3) Article 89(2) and (3) shall apply mutatis mutandis to the revocation of the status of permanent residency pursuant to paragraph (1).[This Article Added on Mar. 20, 2018]